Binance Exchange Completes Bitcoin Lightning Network Integration
Binance crypto exchange has successfully integrated Bitcoin Lightning Network for BTC withdrawals and deposits on its platform. Binance affirmed the development in a July 17 blog post, noting that users can now use the layer-2 scaling solution for BTC withdrawals and deposits. When consumers withdraw or deposit Bitcoin, “LIGHTNING” will be available. BNB Smart Chain […]
Celsius to convert altcoins to BTC, ETH in updated bankruptcy plan
Judge Martin Glenn of the US Bankruptcy Court has permitted Celsius Network to convert all its cryptocurrencies into Bitcoin and Ethereum. This decision starts liquidating altcoins, excluding Bitcoin and Ethereum, for the bankrupt cryptocurrency lender. Judge Martin Glenn, from the Southern District of New York, ruled, allowing the bankruptcy procedures to proceed. The liquidation of […]
CME Group Set to Introduce ETH to BTC Ratio Future
The Chicago Mercantile Exchange (CME) Group has announced its plan to introduce Ether/Bitcoin ratio futures on July 31, pending regulatory approval. This new product allows traders to speculate on the price movements between these two popular cryptocurrencies. CME Group’s ether futures will determine the settlement of these futures contracts by dividing their final prices with […]
MicroStrategy Adds $347M in Bitcoin, Holds 152K BTC
MicroStrategy disclosed that it bought 12,333 bitcoins for $347 million in cash between April and June. The company now holds 152,333 bitcoins worth over $4.5 billion. MicroStrategy, a business intelligence company that has become one of the biggest corporate investors in Bitcoin , has added more of the cryptocurrency to its balance sheet. The company […]
CleanSpark Buys $9.3M Bitcoin Mining Sites in Georgia
CleanSpark acquires two turnkey mining campuses with over 6,000 machines, aiming to reach 16 EH/s by 2023. CleanSpark, a Bitcoin mining company that uses low-carbon energy sources, announced on Wednesday that it had signed formal agreements to acquire two turnkey Bitcoin mining campuses in Dalton, Georgia, for $9.3 million in cash. The deal is expected […]